PBF Energy (NYSE:PBF) Insider Control Empresarial De Capital Sells 120,000 Shares of Stock

PBF Energy Inc. (NYSE:PBF) insider Control Empresarial De Capital sold 120,000 shares of the firm’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $84.13, for a total transaction of $10,095,600.00. Following the transaction, the insider owned 13,496,127 shares in the company, valued at $1,135,429,164.51. This represents a 0.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Control Empresarial De Capital also recently made the following trade(s):

• On Thursday, October 1st, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The stock was sold at an average price of $82.00, for a total transaction of $8,200,000.00.
• On Friday, September 11th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The shares were sold at an average price of $80.60, for a total value of $12,090,000.00.
• On Thursday, September 10th, Control Empresarial De Capital sold 315,776 shares of PBF Energy stock. The stock was sold at an average price of $77.78, for a total value of $24,561,057.28.
• On Wednesday, September 9th, Control Empresarial De Capital sold 3,494 shares of PBF Energy stock. The stock was sold at an average price of $77.23, for a total value of $269,841.62.
• On Wednesday, September 2nd, Control Empresarial De Capital sold 100,000 shares of PBF Energy stock. The shares were sold at an average price of $77.02, for a total value of $7,702,000.00.
• On Monday, August 17th, Control Empresarial De Capital sold 120,000 shares of PBF Energy stock. The shares were sold at an average price of $74.79, for a total value of $8,974,800.00.
• On Friday, August 14th, Control Empresarial De Capital sold 6,356 shares of PBF Energy stock. The stock was sold at an average price of $74.28, for a total value of $472,123.68.
• On Thursday, August 13th, Control Empresarial De Capital sold 210,000 shares of PBF Energy stock. The stock was sold at an average price of $72.18, for a total value of $15,157,800.00.
• On Wednesday, August 12th, Control Empresarial De Capital sold 150,000 shares of PBF Energy stock. The stock was sold at an average price of $70.13, for a total value of $10,519,500.00.
• On Tuesday, August 11th, Control Empresarial De Capital sold 220,375 shares of PBF Energy stock. The shares were sold at an average price of $68.68, for a total value of $15,135,355.00.

PBF Energy Stock Performance

Shares of NYSE:PBF traded up $0.61 during trading on Wednesday, reaching $83.49. The stock had a trading volume of 2,237,541 shares, compared to its average volume of 3,375,328. The stock has a fifty day simple moving average of $72.78 and a two-hundred day simple moving average of $55.20. The company has a quick ratio of 0.67, a current ratio of 1.33 and a debt-to-equity ratio of 0.27. PBF Energy Inc. has a 52 week low of $25.62 and a 52 week high of $85.75. The firm has a market capitalization of $9.90 billion, a price-to-earnings ratio of 7.39, a P/E/G ratio of 0.06 and a beta of 0.18.

PBF Energy (NYSE:PBF) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $6.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.15 by $2.07. PBF Energy had a net margin of 3.94% and a return on equity of 11.27%. The business had revenue of $11.68 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the prior year, the firm earned ($1.03) EPS. PBF Energy’s quarterly revenue was up 56.2% compared to the same quarter last year. As a group, analysts anticipate that PBF Energy Inc. will post 23.92 earnings per share for the current fiscal year.

PBF Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.2750 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.10 dividend on an annualized basis and a yield of 1.3%. PBF Energy’s payout ratio is currently 9.73%.

Institutional Trading of PBF Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Leonteq Securities AG acquired a new position in shares of PBF Energy in the first quarter valued at $33,000. IFP Advisors Inc boosted its stake in PBF Energy by 68.7% during the second quarter. IFP Advisors Inc now owns 1,451 shares of the oil and gas company’s stock worth $66,000 after buying an additional 591 shares in the last quarter. Strs Ohio bought a new stake in PBF Energy in the 1st quarter valued at $143,000. Nykredit A S bought a new stake in PBF Energy in the 2nd quarter valued at $149,000. Finally, Parallel Advisors LLC raised its stake in shares of PBF Energy by 6.8% in the 1st quarter. Parallel Advisors LLC now owns 3,781 shares of the oil and gas company’s stock valued at $180,000 after buying an additional 242 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PBF has been the topic of a number of recent analyst reports. TD Cowen reiterated a “hold” rating on shares of PBF Energy in a research note on Thursday, October 1st. Evercore initiated coverage on PBF Energy in a report on Friday, July 17th. They issued an “in-line” rating and a $58.00 target price on the stock. Wall Street Zen raised PBF Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Morgan Stanley upped their price target on PBF Energy from $38.00 to $76.00 and gave the stock an “underweight” rating in a report on Monday, September 14th. Finally, The Goldman Sachs Group raised their price objective on shares of PBF Energy from $71.00 to $81.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.45.

About PBF Energy

PBF Energy Inc is an independent petroleum refiner and supplier of transportation fuels, petrochemical feedstocks, lubricants, asphalt and other petroleum products. The company sells products under the PBF and Belvieu brands and serves wholesale, commercial and retail customers, as well as other users of refined petroleum products.

PBF Energy owns and operates six refineries in the United States: facilities in California, Delaware, Louisiana, New Jersey and Ohio. Together, these refineries process a range of crude oils and produce gasoline, ultra-low-sulfur diesel, jet fuel, heating oil, petrochemical feedstocks and other refined products.